Document background
A Guarantee Rental Agreement is essential when additional security is required for a rental arrangement, particularly common in student lettings, first-time renters, or high-value properties. The agreement, governed by English and Welsh law, provides landlords with additional security by having a third party guarantee the tenant's obligations. This document typically includes detailed provisions about the scope of the guarantee, enforcement mechanisms, and the guarantor's responsibilities. It's particularly relevant when tenants have limited rental history or where the rental value warrants additional security measures.
